RHB Retail Research
Trading Stocks - Guan Chong
Guan Chong may trend higher after it recently breached above the MYR3.00 threshold. The latest candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR3.00 level, with an exit set below the MYR2.87 threshold. Towards the upside, the immediate resistance is at the MYR3.30 mark. This is followed by the MYR3.50 level.
Source: RHB Securities Research - 26 Dec 2019
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